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2001 04 17 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES APRIL 17, 2001 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson. PRESENT: Board Members Adolph, PeAa, Perkins, Sniff, Chairperson Henderson ABSENT: None PUBLIC COMMENT - None CLOSED SESSION 1. Conference with Agency's real property negotiator, Jerry Herman, pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition and/or disposition of real property located at the southwest corner of Calle Tampico and Eisenhower Drive. Property Owner Agency: Rael Development Corporation. 2. Conference with Agency's real property negotiator, Jerry Herman, pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition and/or disposition of real property located at the terminus of Avenue 62 and west of Madison Street. Property Owner/Negotiator: Travertine. The Agency recessed to Closed Session to and until the hour of 7:00 pm. 7:00 P.M. The Agency reconvened with Board Member Pei~a absent. PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES MOTION - It was moved by Board Members Sniff/Adolph to approve the Minutes of April 3, 2001, as submitted. Motion carried with Board Member Pe~a ABSENT. Redevelopment Agency Minutes 2 April 17, 2001 CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED APRIL 17, 2001. 2. TRANSMII-rAL OF TREASURER'S REPORT DATED FEBRUARY 28, 2001. 3. TRANSMI~-FAL OF REVENUE & EXPENDITURES REPORT FOR FEBRUARY 28, 2001, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING MARCH 31, 2001. 4. APPROVAL OF AN APPROPRIATION OF RDA PROJECT AREA NO. 2 FUNDS TOWARD THE BIKEWAY IMPROVEMENTS ON CALLE TAMPICO, PARK AVENUE, AND AVENUE 50. 5. RATIFICATION OF APPROVAL OF AGREEMENT FOR GOLF DESIGN SERVICES. (This item was moved from the City Council Consent Calendar.) MOTION - It was moved by Board Members Sniff/Adolph to approve the Consent Calendar as amended. Motion carried with Board Member Pe~a ABSENT. BUSINESS SESSION 1. CONSIDERATION OF AN OPTION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND SOUTHERN CALIFORNIA PRESBYTERIAN HOMES REGARDING THE PURCHASE OF TEN ACRES OF AGENCY-OWNED PROPERTY LOCATED AT THE SOUTHWEST CORNER OF AVENUE 47 AND ADAMS STREET AND AUTHORIZATION FOR THE EXECUTIVE DIRECTOR TO EXECUTE THE APPROPRIATE DOCUMENTS. Community Development Director Herman presented the staff report and advised of the following changes to the agreement: modifying Section 4(a) to read," ...... With respect to the Purchase Price, the price of the property shall be $1,000,000 or the HUD determination of value for a fully-improved site whichever is less. The Optionee agrees to consult with the Agency if HUD requires Optionee to obtain its appraisal by utilizing an appraiser from the list of appraisers approved by HUD."; and modifying Section 4(g) to read, "The Agency's reasonable approval of Optionee's project financing other than the HUD capital advance including sources and uses of funds and a Project pro forma." Redevelopment Agency Minutes 3 April 17, 2001 In response to Chairperson Henderson, Mr. Herman advised there is a waiting list for senior housing. Chairperson Henderson stated she understood there's a shortage of available apartments and a waiting list for the Spanos Apartments. Sally Little, 516 Burchett Street, Glendale, Vice President of Affordable Housing for Southern California Presbyterian Homes (SCPH), spoke regarding the need for affordable senior housing. In response to Board Member Sniff, Ms. Little stated the rental fee is 30% of the senior's income, which is generally $700 or less. In response to Board Member Adolph, Ms. Little confirmed SCPH will manage and maintain the apartment complex. MOTION - It was moved by Board Members Sniff/Adolph to approve an Option Agreement with Southern California Presbyterian Homes as amended (modifying Section 4(a) to read, ". ..... With respect to the Purchase Price, the price of the property shall be $1,000,000 or the HUD determination of value for a fully- improved site whichever is less. The Optionee agrees to consult with the Agency if HUD requires Optionee to obtain its appraisal by utilizing an appraiser from the list of appraisers approved by HUD."; and modifying Section 4(g) to read, "The Agency's reasonable approval of Optionee's project financing other than the HUD capital advance including sources and uses of funds and a Project pro forma.") and authorize the Executive Director to execute the necessary documents. Motion carried with Board Member Pe~a ABSENT. 2. CONSIDERATION OF A LEASE EXTENSION FOR AN ADDITIONAL FIVE YEARS BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE CITY OF LA QUINTA RESULTING IN THE AUTOMATIC EXTENSION OF A SUBLEASE AGREEMENT BY AND BETWEEN THE CITY OF LA QUINTA AND THE UNITED STATED POSTAL SERVICE FOR THE SUM OF $1.00 PER YEAR. There were no changes to the staff report as submitted and on file in the City Clerk's Office. MOTION - It was moved by Board Members Sniff/Adolph to approve an extension of a sublease agreement between the City of La Quinta and the United States Postal Service. Motion carried with Board Member Pe~a ABSENT. Redevelopment Agency Minutes 4 April 17, 2001 STUDY SESSION - None DEPARTMENT REPORTS - None CHAIR AND BOARD MEMBERS' ITEMS - None PUBLIC HEARINGS - None The Agency recessed to Closed Session as delineated on Page 1. The Agency meeting reconvened with no decisions being made in Closed Session which require reporting pursuant to Section 54957.1 of the Government Code (Brown Act). ADJOURNMENT There being no further business the meeting was adjourned. Respectfully submitted, JUNE S. GREEK, Agency Secretary La Quinta Redevelopment Agency